What is Amazon cloud’s Lambda and why is it a big deal?

In an interview with Matt Wood, Chief product strategist at Amazon Web Services, one thing that stuck out was how big of an emphasis he placed on Lambda.

Many people probably don’t know what Lambda is, or why it’s important. But Wood says it could usher in a new era of application development and cloud-based hosting. And perhaps most interestingly, it could be a replacement for one of Amazon’s core cloud services: Virtual machines.

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